Common use of Actions by Noteholders Clause in Contracts

Actions by Noteholders. (a) Wherever in this Agreement a provision is made that an action may be taken or a notice, demand or instruction given by Noteholders, such action, notice or instruction may be taken or given by any Noteholder, unless such provision requires a specific percentage of Noteholders, as certified by such Noteholder. Notwithstanding anything in this Agreement to the contrary, neither the Servicer nor any Affiliate thereof shall have any right to vote with respect to any Note except as specifically provided in the Indenture or the Note Purchase Agreement.

Appears in 4 contracts

Samples: Servicing Agreement, Note Purchase Agreement (Conns Inc), Note Purchase Agreement (Conns Inc)

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Actions by Noteholders. (a) Wherever in this Agreement a provision is made that an action may be taken or a notice, demand or instruction given by Noteholders, such action, notice or instruction may be taken or given by any Noteholder, unless such provision requires a specific percentage of Noteholders, as certified by such Noteholder. Notwithstanding anything in this Agreement to the contrary, neither none of the Seller, the Servicer nor or any Affiliate thereof shall have any right to vote with respect to any Note except as specifically provided in Section 9.2(a) of the Indenture or the Note Purchase AgreementBase Indenture.

Appears in 2 contracts

Samples: Indenture (A I Receivables Transfer Corp), Sale and Servicing Agreement (A I Receivables Transfer Corp)

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Actions by Noteholders. (a) Wherever in this Agreement a provision is made that an action may be taken or a notice, demand or instruction given by Noteholders, such action, notice or instruction may be taken or given by any Noteholder, unless such provision requires a specific percentage of Noteholders, as certified by such NoteholderNoteholders or unless otherwise provided in a Series Supplement. Notwithstanding anything in this Agreement to the contrary, neither the Servicer nor any Affiliate thereof shall have any right to vote with respect to any Note except as specifically provided in the Indenture or the Note Purchase AgreementIndenture.

Appears in 2 contracts

Samples: Security Agreement (CHS Inc), Servicing Agreement (Conns Inc)

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